Banking Awareness Quiz: We have created many quizzes on Banking Awareness and this set is one of them. These questions are most important for banking and insurance exams. The question asked in the Banking Awareness section are based both on static banking and that to current banking in news. These Banking Awareness sets will guide you in all banking exams like IBPS Clerk, IBPS PO, SBI Clerk, SBI PO, RRB Clerk and PO and other exams. So attempt all the sets now.
- Expand “FINO”:
A) Fiscal Information Network Organization
B) Financial Initiative for Network Operations
C) Financial Information Network operation ltd
D) None of the above
- Expand “ NEFT”
A) National Emergency Fund for Traders
B) National Electronic Fund Transfer
C) National Emergency Fund Transfer
D) National Electronic Financial Trusts
- Banking Ombudsman” means a person :
A) appointed to settle dispute between employee and management
B) to whom customer can approach for redressal of his grievances
C) appointed to recover dues from defaulting borrowers
D) all of the above
- Bid – Ask Price “ is :
A) quotation of the foreign currency
B) rate at which the traders bid for foreign currency
C) rate at which the traders ask for foreign currency
D) none of the above
- Hundi “ is a:
A) Draft
B) Cheque
C) Bill of Exchange
D) Promissory Note
- The right of set-off customers account can be exercised only by:
A) Creditors
B) Debtors
C) Banker
D) Customer
- Banking Industry has been declared as public utility service for purpose of:
A) Negotiable Instruments Act, 1881
B) Reserve Bank of India Act, 1934
C) Banking Regulation Act, 1949
D) Industrial Disputes Act
- Cash drawings under Kisan cards can be permitted at:
A) designated branches
B) at issuing branches
C) all branches
D) none of these
- Which section of Banking Regulation Act 1949 give Power to the Reserve Bank to give directions?
A) Section 42
B) Section 42A
C) Section 47
D) Section 35A
- Currency Chest is the property of :
A) State Bank of India
B) Government of India
C) Reserve Bank of India
D) None of these